European stocks fell Monday, with energy shares dragged down as oil prices slid and as investors await an update on manufacturing activity in the eurozone.
The Stoxx Europe 600 SXXP, -0.51% dropped 0.6% to 379.55, led by a pullback in the oil and gas sector SXEP, -1.33% as oil prices CLF6, -2.94% fell 3%. In that group, British energy producer Tullow Oil PLC TLW, -0.61% was down 3.2% and Sweden’s Lundin Petroleum AB LUPE, -1.53% gave up 2.1%. Oil equipment and services provider Seadrill Ltd. SDRL, -1.50% lost 2.3%, and Amec Foster Wheeler PLC AMFW, -2.83% was pulled 2.2% lower.
Prices were metals down, with copper off 2.4%, crunched by strengthening in the dollar DXY, +0.19% against its rivals. The euro EURUSD, -0.1879% has been under pressure as the European Central Bank signals that it may ramp up its efforts to bolster inflation levels in the eurozone.
